Finance

The Board provides oversight for the finances of the Authority. An annual budget for each fiscal year, running July 1st through June 30th is approved by the Board after review and recommendation by a budget committee composed of the Board of Commissioners and members of the public that serve on the advisory committee. In addition, the agency is subject to annual audits by an independent auditing firm that specializes in public finance.

Sunrise Water Authority voluntarily completed a Comprehensive Annual Financial Report (CAFR) in addition to the required annual budget. The CAFR is substantially more detailed than a standard budget document, showing the financial investment and income records from all sources and details on expenditures during the year. It also tracks financial performance over time rather than for the single budget year. This effort is completely voluntary and has been undertaken to promote transparency in our operations. This is the second year that Sunrise Water Authority has submitted a CAFR and the second year that it has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association for the 2012-13 fiscal year.

Monthly reports on revenues and expenditures are available as a part of the Board Packet and are reviewed at each regular Board of Commissioners meeting. The Board packet for any given meeting may be viewed in the Meeting Information page.